Liverpool legend Steven Gerrard: I must be bonkers for wanting to be boss

But if the Liverpool job was up for grabs in future years, he's worried that if he didn't get it right it could wreck his reputation as a Liverpool legend.

Gerrard has also revealed that rival English clubs have offered him loan deals when the MLS season ends but that he will come back to train with his old Liverpool pals.

The long-term future, though, circles around a possible return on a coaching level with Liverpool chairman Tom Werner confirming that Gerrard will always have a guaranteed place at Anfield.

Werner said: "It's true that I've spoken to Steven about coming back. We've had some discussions and we certainly see him as having an important place in the club's future."

Gerrard said: "If I am in a position that I feel I am good enough, can contribute, help this club and do a good job as a manager and the role is offered to me, I would consider it really, really seriously.

"If in five, ten years time I get offered it and I don't feel like I'm good enough and there's a danger of ruining my reputation and making a show of myself then I won't go near it.

KEEN: Steven Gerrard wants to be a manager one day [GETTY]

“What I have tried to do over the years is take little bits from the managers I have worked with and written notes on them all”

Steven Gerrard

"This is a brutal club to get it wrong at. You saw what happened for example with Roy Hodgson who never got enough time. And he was out. You have got to be ready for it and you have got to have the right backing.

"You have got to have a certain amount of time to get it right. There's a lot of things that have got to be considered and fall into place before you take a role like that. And you have got to be good enough."

Gerrard, though, has prepared for the day when he could possibly go into management by compiling a dossier on all the tricks of the trade from previous bosses.

He added: "What I have tried to do over the years is take little bits from the managers I have worked with and written notes on them all.